Form 4: Cyrus Capital Sells $17M Garrett Motion Shares

Cyrus Capital Partners, a 10% owner and director, reported selling 1.305 million shares of Garrett Motion Inc. common stock across two transactions in August 2025.

Summary

• Cyrus Capital Partners, L.P., along with its general partner Cyrus Capital Partners GP, L.L.C., and Stephen C. Freidheim (Chief Investment Officer), collectively reported the sale of Garrett Motion Inc. common stock.
• On August 19, 2025, 1,300,000 shares were sold at a weighted average price of $13.0014 per share, with prices ranging from $13.00 to $13.05.
• On August 20, 2025, an additional 5,000 shares were sold at a weighted average price of $13.2515 per share, with prices ranging from $13.25 to $13.255.
• Following these transactions, the reporting persons indirectly beneficially own 21,123,348 shares of Garrett Motion Inc. common stock.
• The shares are held indirectly through various private investment funds managed by Cyrus Capital Partners, including Cyrus 1740 Master Fund, L.P., Canary SC Master Fund, L.P., and others.

Sentiment

Score: 3

Explanation: The significant sale of shares by a 10% owner and director typically indicates a negative sentiment regarding the company's short-to-medium term prospects or valuation from the perspective of the selling insider.

Negatives

• A significant insider sale by a 10% owner and director, totaling 1,305,000 shares, could signal a lack of confidence in the company's near-term prospects or a belief that the stock is fully valued.
• The sales occurred at prices ranging from $13.00 to $13.255, indicating a decision by a major shareholder to divest at current market levels.

Risks

• Potential negative market reaction due to significant insider selling, which could lead to downward pressure on the stock price.
• Reduced alignment of interests between a major shareholder/director and other common shareholders due to decreased ownership.

Stakeholder Impact

• Shareholders: May interpret the insider selling as a negative signal, potentially leading to decreased investor confidence and downward pressure on the stock price.

Key Dates

Recommendation

While significant insider selling by a 10% owner and director is a negative signal, this Form 4 filing alone does not provide sufficient comprehensive financial or strategic information to warrant a 'sell' recommendation. Investors should 'hold' and await further financial disclosures or strategic updates from Garrett Motion Inc. to assess the broader context and implications of this insider activity.

Keywords

Garrett Motion, GTX, Cyrus Capital Partners, Insider Selling, Form 4, Beneficial Ownership, Equity Sales, Director Sales, 10% Owner